THE BIKEABILITY TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net unrestricted surplus of £21,176 and total unrestricted reserves of £1,918,081 at the year end. The trustees believe that reserves of £1,042,405 are sufficient to cover current commitments and potential winding-up costs, despite noting uncertainty regarding future funding levels. The charity confirmed it has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Trustees believe that reserves of £1,042,405 will be sufficient to cover our current commitments and to meet all costs associated with a downturn in our activities and a potential winding up of the charity.”
“During the year, the charity incurred redundancy and termination costs totaling £30,254 (2024: £NIL) of which £23,213 related to key management personnel. These include statutory redundancy payments, contractual termination payments, and payments in lieu of notice (PILON) following a restructuring of operations.” — page 42
Funders the charity credits
- Department for Transport
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Trudy Harrisonchair
- Christine Phillips
- Dr Catherine Purcell
- Esther Durrant
- Gordon Read
- Imran Hussain
- John Jackson
- Lee Kidger
- Nicholas Truran
- Paul Murray
- Shirley McIndoe
- Sivanayaki Sanmugarajah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £21.8m | £22.9m |
| 31/03/2024 | £19.9m | £20.6m |
| 31/03/2023 | £19.9m | £20.2m |
| 31/03/2022 | £18.7m | £18.7m |
| 31/03/2021 | £13.3m | £7.3m |
Common questions
Is THE BIKEABILITY TRUST financially healthy?
The accounts state that the charity reported a net unrestricted surplus of £21,176 and total unrestricted reserves of £1,918,081 at the year end. The trustees believe that reserves of £1,042,405 are sufficient to cover current commitments and potential winding-up costs, despite noting uncertainty regarding future funding levels. The charity confirmed it has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by PEM Audit Limited.